gayatri projects limited - Edelweiss

wagon drills, jack hammers, air compressors, transportation equipments such as cars and jeeps, tippers, tractors, watertankers, trailers, fabrication and erection plant such as welding generators, gas cuttings sets, work shop equipments, cranes,generators and other miscellaneous equipments.Projects under Construction/to be completedProjects under execution (Am ount Rs. in lakhs) & %age of total1200(1.1%)Highways4690442.2%Irrigation6306856.7%We are currently executing projects amounting to Rs. 1,04,654 lakhs of Public works /Irrigation Departments of various StateGovernments namely Andhra Pradesh, Madhya Pradesh, Chattisgarh and Gujarat and for other clients. Out of the projectsin hand, the highways constitutes projects amounting to Rs. 40,386 lakhs, irrigation projects Rs. 63,068 lakhs and otherworks constitutes Rs. 1,200 lakhs. In addition, we are also executing/ allotted projects in our various joint ventures (includingBOT projects for which SPV have been formed or are in the process of being formed) in which our share of contract valueto be executed, works out to around Rs. 1,35,335 lakhs which includes our share of contracts amounting to Rs. 15600 lakhson BOT basis and Rs. 63115 lakhs on annuity basis. In addition our Company has been awarded a contract on July 7, 2006for Rs 6517.85 lakhs for Rehabilation and upgrading of Ambikapur (km 4) to Semersot (km 65) Section in Chhattisgarh byDirector, PIU, ADB Project, Raipur. Most of these projects would be completed within period of 36-42 months.Qualified Employees and Management teamWe have a qualified and experienced skilled manpower including Engineers and Engineering Diploma Holders. In addition,we have casual and temporary contract labour in the project sites. The skills and diversity of the employees gives the flexibilityto adapt to the needs of various projects. Our Company’s management team is qualified and experienced in the industry andhas been responsible for execution of diverse projects.Business StrategyWe recognize the importance of the construction industry in India – especially the importance given by the Government ofIndia to make up deficits in infrastructure rapidly. At the same time, we recognize that the “Construction” industry is verybroad in its scope covering construction of various sub-types of infrastructure – including, road, ports, water utilities buildings,industrial structures etc., and there is a need for specialization in order to develop real depth of expertise in any of these subareas.Our strategic objective is to continue to improve and consolidate our position as a leading Construction Company and weaim to achieve this by implementing the following strategies:Experience in Road ProjectsWe have experience of around 16 years in road construction and we will continue to bid for the road related infrastructureprojects, leveraging and expanding our operations in pre-qualification and there by participating in more States and Regionsand gaining access to more complex projects.We have setup a base of operation capitalizing on our local experience, established contracts with local clients and suppliersand also familiarity with local working conditions. In pursuing our strategies, we seek to identify markets where we believewe can provide cost and operational advantages to our clients. In order to expand our operation we also identify and associate45